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SL Industrial Partners Acquires 339K SF VA Distribution Center From Equus Capital Partners For $38.2M

Property Image
SOLD
$38,200,000
Jonathan Beard
Michael Hines
+ 1

Virginia

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Industrial339,450 SF
Sold 10/02/2023
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Property Image
SOLD

SL Industrial Partners Acquires 339K SF VA Distribution Center From Equus Capital Partners For $38.2M

Industrial339,450 SF
Sold 10/02/2023
Jonathan Beard
Michael Hines
+ 1
Contact now

Summary

Asset Type:Industrial
Price Per Square Foot:$112
Total Square Footage:339,450 SF
Transaction Type:Sale

Equus Capital Partners has recently sold the Virginia Inland Port Logistics Center, a 339,450-square-foot Class A distribution center located at 300 Winners Ct in Front Royal, Virginia. The property was sold for a total of $38.2 million to SL Industrial Partners, a company operated by the Silverman Group. This industrial asset is situated in the Front Royal market, offering a prime location for businesses in the area.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $38,200,000
  • Square Footage: 339,450
  • Address: 300 Winners Ct, Front Royal, VA
  • Market: Front Royal, VA

The sale of the Virginia Inland Port Logistics Center was facilitated by Jonathan Beard, Michael Hines, and Robert "Bo" Cashman, who acted as the brokers in the deal on behalf of CBRE. Equus Capital Partners, represented by Daniel M. DiLella Jr., made the decision to sell the property to SL Industrial Partners, a subsidiary of the Silverman Group. The transaction marks a significant achievement for both parties involved and demonstrates the ongoing activity in the industrial real estate market.

Players

Michael Hines
14 deals$1B volume
BROKER

Robert "Bo" Cashman
CBRE
7 deals$615.9M volume
BROKER

Jonathan Beard
CBRE
7 deals$615.9M volume
BROKER

BUYER

Daniel DiLella
Equus Capital Partners
6 deals$453.9M volume
SELLER

Details

SOLD
IMAGE: Jonathan Beard, Michael Hines, Robert "Bo" Cashman & Daniel M. DiLella, Jr. DATE: 10/02/2023 ADDRESS: 300 Winners Ct MARKET: Front Royal, VA ASSET TYPE: Industrial BUYER: SL Industrial Partners SELLER: Daniel M. DiLella, Jr - Equus Capital Partners BROKERS: Jonathan Beard, Michael Hines & Robert "Bo" Cashman - CBRE SALE PRICE: $38,200,000 SF: 339,450 ~ PPSF: $113 NOTE: Equus Capital Partners has sold the Virginia Inland Port Logistics Center, a 339,450-square-foot Class A distribution center in Front Royal, Virginia, for $38.2 million to the Silverman Group's SL Industrial Partners.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,037,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$135,716.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$181,087.49
Annual Debt Service$2,173,049.86